Commerce chamber head says Czech firms will only start hiring again next year

The head of the Czech Chamber of Commerce, Petr Kužel, has said that while the number of redundancies is now falling in this country, he believes that firms will not start taking on new employees until next year. On Friday, the Czech Statistical Office suggested that GDP was down in the second quarter by 4.9 percent compared with the same period last year. The bureau did, however, suggest that the Czech economy was showing some signs of recovery, with results for the second quarter actually up on those from the first by 0.3 percent.

Author: Rosie Johnston